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Technology Stocks : 3Com Corporation (COMS) -- Ignore unavailable to you. Want to Upgrade?

To: Carmine Cammarosano who wrote (10366)	11/16/1997 11:47:00 AM
From: Glenn D. Rudolph	Respond to of 45548

Glen, are you thinking of rolling out the puts you sold? Carmine, I have already done some of that. I will do that with others this coming week. The Nov 50s for example. COMS may have short term problems but I will eat my shirt if they are below $40 by April. I expect much higher but I am being conservative. The time premium on near strike price puts is good due to COMS recent volitilty. Glenn

To: Carmine Cammarosano who wrote (10366)	11/16/1997 12:25:00 PM
From: jach	Respond to of 45548

On options: Reposting some of what I had posted few months ago- option long - historically ~80% risk option short put naked - if ones intend to buy the underlying stock at the time of writing, or 100% sure the underlying stock will not go down lower than (strike-premium) until expiration. option short covered - if ones want to reduce the loss when the underlying stock goes up/down with limited gain. option short call naked - if 100% sure the underlying stock will not go above the (strike+premium) until expiration a good reference source: cboe.com:80/intro/whatis.html